Displayed to the left is the weekly S&P chart. It may be tough to see, but the large picture swing system I have is applied to that chart. As you can see it had a long entry back in late August of last year, and is still long.
It is getting very close to generating a sell signal, but it has not done so yet. Very few market peaks are made in January or February, so there is no need to get excited and step in front of this trend. However, as you can see, the sharp downmove that the bond market (purple) has made recently, has set up a large divergence with stock prices. It is possible for these divergences to persist for a few months before stocks are effected. If this relationship stays like this, it is only a matter of time before we see a big stock market decline.